Grandway West five building office development underway

Grandway West office campus in the Katy area. (rendering provided by Transwestern)

Construction is underway on the first of five planned buildings at Grandway West, an office development that will total 780,000 square feet along Grand Parkway near Franz Road.

A joint venture of InSite Realty and Urban Construction Southwest is developing the project, which will be leased by Transwestern. The property sits on 56 acres at 1904 W. Grand Parkway North.

“We are excited construction has commenced on the first of five Class A office buildings at Grandway West,” Kris Van Norman, a principal/partner at InSite, said in an announcement. “The early leasing momentum affirms our purchase of this site where high-quality companies can office at a reasonable price in a controlled business environment in the rapidly growing West Houston/Katy area.”

Set for completion in December, the first building totals 83,912 square feet and is nearly 40 percent preleased, according to Transwestern. Tenants have not been disclosed.

“Grandway West is a great opportunity for office users to move into newly constructed space at a highly competitive price,” said Wittorf.

Other developers are also building along the Grand Parkway to meet demand for office space in the Katy area. Until recently, almost all of the office development on Houston’s west side has been well east of the Grand Parkway. See Deal of the Week story here on a two-building project planned by Freeway Properties.